Slovakia's public debt was mainly made up of securities, including government bonds and treasury bills in 2013, according to an analysis drafted by Postova Banka based on Eurostat data from last year, local news agency TASR reported on Monday.

"Government bonds and treasury bills made up to 86 percent of Slovakia's public debt, which represents a figure higher than the eurozone average and even the European Union as a whole," noted the bank.

Slovakia is therefore one of six countries with the highest proportions of public finance debt financed by securities.

"The share of loans was only 14 percent of the overall debt," reads the text. According to the document, the highest proportion of securities was seen in the debt structures of Malta, Great Britain and the Czech Republic. At the other end of the scale, the lowest share of 14 percent was to be found in the public debt of Estonia.

The analysts point out that the data is interesting not only in terms of an overview of tools used by individual countries to obtain money but also in determining from which creditors the resources are borrowed.

"The Slovak debt is mainly in the hands of foreign investors, who own up to 61 percent of the total debt, whereas resident financial institutions own 38 percent," stated the analysts of Postova Banka, adding that non-resident investors own the largest shares in the public debts of Finland and Latvia - more than 80 percent. Endi

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